Low on Cash, Lordstown Motors (RIDE) Gets a Lifeline as it Secures up to $400M in Purchase Agreement with YA

StreetInsider2021-07-27

Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agreed to purchase up to $400 million of the company’s shares. The purchase would happen over a three-...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Jo5tarz
    2021-07-27
    Jo5tarz
    HFs to the rescue? [驚訝] 
  • Jov8
    2021-07-27
    Jov8
    Like and comment pls 
  • 超群yibo
    2021-07-27
    超群yibo
    Can compete with Ford truck
    • 2020TS
      Just got a white knight for total $400mln
  • Cheahmanda
    2021-07-27
    Cheahmanda
    Fak terrennce
  • Wealth88
    2021-07-27
    Wealth88
    Please like ❤️
  • Bossiwei
    2021-07-27
    Bossiwei
    Ok
Leave a comment
7